Boylesports have launched a cracker of a Cheltenham offer! Simply place a MOBILE bet on the Arkle Chase at Cheltenham on Tuesday and if it loses, Boylesports will refund us as a free bet up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed minimum profit of £4.32 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
For this particular offer, we need to place our qualifying bet on the favourite, Un De Sceaux.
Place £25.00 on Un De Sceaux @ 1.57 = Potential profit of £14.25
Lay £23.22 on Un De Sceaux @ 1.74 = Potential liability of £17.18
Let’s have a look at our potential profit/loss for the possible outcomes…
| Un De Sceaux wins | +£14.25 – £17.18 = £2.93 loss |
| Un De Sceaux doesn’t win | -£25.00 + £22.06 + £20.00 (extract 80% from our £25.00 free bet) = £17.06 profit |
So as things stand we will make £17.06 profit if Un De Sceaux doesn’t win and a loss of £2.93 if he does win. It’s not often that we are able to do this but by placing a further back bet on Un De Sceaux, we can guarantee ourselves a profit on any outcome…
Place £12.72 on Un De Sceaux @ 1.57 = Potential profit of £7.25
Let’s have a look at our overall profit/loss for the possible outcomes…
| Un De Sceaux wins | -£2.93 + £7.25 = £4.32 profit |
| Un De Sceaux doesn’t win | £17.06 – £12.72 = £4.34 profit |
So regardless of the result of the Arkle Chase, we will make a guaranteed minimum profit of £4.32!
If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.